Petroleum Industry Bill WIll Make NNPC To Be Free From Presidency – PENGASSAN


Mohammed-Gambo-PENGASSANThe Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says the delay in the passage of the Petroleum Industry Bill shows that Nigerian lawmakers lack sincerity of purpose.

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While commenting on the delay of the bill on Monday,  the National Public Relations Officer, of PENGASSAN, Mohammed Gambo, said Nigeria was bleeding because of the bill, stressing that the delay in its passage had halt expected investments in the sector.

“We have not had any major investment in four years.

“International investors are looking to know the rules, framework that will guide the game and everybody is panicking. Nobody knows what is happening. This is a bill that we have been working on for eight years now. Something that important has taken eight years before it got to this preliminary level in the National Assembly.

“We made our presentation to the lower and upper chamber and we have noticed that there is no sincerity of purpose in the Senate. The bulk is now with the Senate and no longer with the president,” he said.

The bill emanated from the ministry of Petroleum and every stakeholder has made few inputs.

He said that PENGASSAN had hired about two consultants to give a world view of what the bill should be like.

According to him, there is a part of the bill that gives the Minister of Petroleum Resources excessive power.

Mr Gambo said that the association had emphasised that the minister should be more concerned with regulation instead of being a player.

“We have made this presentation. We have lobbied some members of the House of Representatives and Senators but we have noticed that some of them do not want the bill to be passed.

“In a democratic setting it has become important that the Unions must lobby the lawmakers.

“The way we have approached it, is that we are patriots and we are in the oil and gas as Nigerians first and we are holding this as unionists participating in this sector for Nigerians,” he stated.

Mr Gambo said that the association had appealed to the National Assembly to take cognisance of the fact that 95 per cent of the country’s revenue come from there.

He expressed optimism that the lawmakers would uphold the desire of the electorate by doing what will stand the test of time.

On some of the impediments to the bill passage, he said that the presidency had hijacked the Nigerian National Petroleum Corporation (NNPC) as its cash cow, insisting that the passage of the bill would make the NNPC become freer in carrying out its statutory role.

The bill will make the NNPC freer and able to compete with other National Oil companies in Nigeria.

Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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